Please Wait ..

Sign-in to your account


Username:
Password:

Remember Me

Forgot your password?

Sign-up now



Join CAclubindia.com and Share your Knowledge. Registered members get a chance to interact at Forum, Ask Query, Comment etc.


Discussion > Audit > Others >

Sister Concern

    Post New Topic
Pages : 1





Student


[ Scorecard : 30]
Posted On 07 April 2009 at 20:00 Report Abuse

What is th definition of sister concern? The term is defined under which act? In case of NPA provisioning, as per RBI norms, when any account is declared NPA; whether 'all facilities are to be regarded as NPA and provision on the same to be made' implies all sister concerns also? If yes, if personal account of individual is NPA, whether partnership account wherein he is only 1% partner is also to be considered NPA?

Online classes for CA CS CMA



deepak K Gujrati
CA-practice


[ Scorecard : 836]
Posted On 09 April 2009 at 21:13

 

Sister Concerns means organisations under the same management. Where the important decisions(control and management) are taken by a person or group of persons managing one or more organisations. 

 

Definition of a "relative"

A person shall be deemed to be relative of another, if and only if, :-

a) they are members of a Hindu Undivided Family; or

b) they are husband and wife; or

c) the one is related to the other in the manner indicated below :

 

List of relatives

1. Father.

2. Mother including step-mother

3. Son including step-son

4. Son's wife

5. Daughter including step-daughter,

6. Daughter's husband.

7. Brother (including step-brother)

8. Brother’s wife

9. Sister (including step-sister)

10. Sister’s husband unj/Sen/DIR-Ban on Loan to Directors

 




There are 1 Replies to this message






Related Files








Related Threads


Post your reply for Sister Concern



Your are not logged in . Please login to post replies

Click here to login


Not a member yet ?? Click here to signup

Message







    

  • Use thank button to convey your appreciation.
  • Maintain professionalism while posting and replying to topics.
  • Try to add value with your each post.




Forum Home | Forum Portal | Member Control Center | Who is Where | Popular Threads | Today's Topic | Recent Posts | Today's Posts | Post New Topic | Thread With Files | Top Threads This Month | Forum Stats | Unreplied Threads

back to the top